Lea Anne Doolittle Sells 3,000 Shares of Northwest Natural Gas Co (NWN) Stock

Northwest Natural Gas Co (NYSE:NWN) insider Lea Anne Doolittle sold 3,000 shares of Northwest Natural Gas stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $64.22, for a total value of $192,660.00. Following the completion of the sale, the insider now directly owns 6,551 shares in the company, valued at approximately $420,705.22. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NWN stock opened at $64.50 on Thursday. Northwest Natural Gas Co has a 12-month low of $51.50 and a 12-month high of $69.50. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.46. The company has a market cap of $1.83 billion, a PE ratio of 28.79, a P/E/G ratio of 6.62 and a beta of 0.33.

Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings results on Tuesday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.07). Northwest Natural Gas had a negative net margin of 8.10% and a positive return on equity of 8.03%. The company had revenue of $124.57 million for the quarter. analysts forecast that Northwest Natural Gas Co will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were given a dividend of $0.4725 per share. The ex-dividend date was Monday, July 30th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.93%. Northwest Natural Gas’s payout ratio is 84.38%.

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Northwest Natural Gas by 188.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,480 shares during the period. Bank of America Corp DE lifted its position in shares of Northwest Natural Gas by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 30,057 shares of the utilities provider’s stock valued at $1,918,000 after acquiring an additional 1,046 shares during the period. AMP Capital Investors Ltd lifted its position in shares of Northwest Natural Gas by 12.6% during the 2nd quarter. AMP Capital Investors Ltd now owns 26,892 shares of the utilities provider’s stock valued at $1,716,000 after acquiring an additional 3,000 shares during the period. Renaissance Technologies LLC lifted its position in shares of Northwest Natural Gas by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 637,600 shares of the utilities provider’s stock valued at $40,679,000 after acquiring an additional 71,300 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Northwest Natural Gas by 37.4% during the 2nd quarter. Citadel Advisors LLC now owns 63,801 shares of the utilities provider’s stock valued at $4,070,000 after acquiring an additional 17,377 shares during the period. Institutional investors own 68.64% of the company’s stock.

A number of equities research analysts have weighed in on NWN shares. ValuEngine raised Northwest Natural Gas from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Zacks Investment Research lowered Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Friday, August 10th. TheStreet lowered Northwest Natural Gas from a “b” rating to a “c+” rating in a report on Tuesday, August 7th. Finally, Guggenheim reiterated a “sell” rating and set a $51.00 price target on shares of Northwest Natural Gas in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.00.

About Northwest Natural Gas

Northwest Natural Gas Company engages in gas distribution and storage businesses in the United States. It operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment engages in the purchase, sale, and delivery of natural gas and related services to residential, commercial, and industrial customers in Oregon and southwest Washington.

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Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

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